7708 S Wabash AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60619
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12482349
Maintenance Fees $2,200
Year Built 1927
Annual Tax Amount $5,338
Tax Year 2023
Lot Size 8,276 Sqft
Property Sub-Type Multi Family 5+
Property Description
Exceptional opportunity to own a well-maintained 6-unit building in the desirable Chatham neighborhood of Chicago. This solid masonry property has been kept up-to-date with city requirements, making it a true turnkey investment. Each unit features separate meters and utilities, keeping operating costs in check and providing added value for investors. The building is fully leased and income-producing, offering a strong cap rate and steady cash flow. In addition, on-site coin-operated laundry machines provide extra income potential. Outside, the property boasts a large backyard perfect for tenant enjoyment, along with a rare 3-car garage, adding valuable parking and storage options. Conveniently located near public transit, shopping, parks, and schools, this is a prime neighborhood investment with long-term upside. Whether you're looking to expand your portfolio or secure your first multi-family, this property checks all the boxes for stability, income, and growth potential.
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Zoning MULTI
Building
Dwelling Type Multi Family 5+
Structure Type Stone